G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w8216
来源IDWorking Paper 8216
The Silent Majority Fallacy of the Elzinga-Hogarty Criteria: A Critique and New Approach to Analyzing Hospital Mergers
Cory S. Capps; David Dranove; Shane Greenstein; Mark Satterthwaite
发表日期2001-04-01
出版年2001
语种英语
摘要Elzinga/Hogarty inflow/outflow analysis is a mainstay of geographic market definition in antitrust analysis. For example, U.S. antitrust agencies lost several hospital merger challenges when evidence showed that a nontrivial fraction of local patients traveled outside the local community for care. We show that the existence of traveling consumers may not limit seller market power with respect to non-traveling consumers--a phenomenon we label the silent majority fallacy. We estimate a random coefficients logit model of hospital demand and use the estimates to predict the increase in price that various mergers would generate. Two distinct methods of predicting the price increase are implemented and both indicate that even in suburban areas with high outflows of consumers, some hospital mergers could lead to significant price increases.
主题Industrial Organization ; Antitrust ; Health, Education, and Welfare ; Health
URLhttps://www.nber.org/papers/w8216
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/565814
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GB/T 7714
Cory S. Capps,David Dranove,Shane Greenstein,et al. The Silent Majority Fallacy of the Elzinga-Hogarty Criteria: A Critique and New Approach to Analyzing Hospital Mergers. 2001.
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